Stocks Advance After Consumer Sentiment Report: Markets Wrap
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(Bloomberg) — Wall Street traders sent stocks higher after data showed a pickup in consumer sentiment alongside easing in inflation expectations.
Swiss Firms Expect Population Cap to Be Defanged, Lobby Says
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(Bloomberg) — Swiss companies expect the government to water down the proposed population cap if voters back it, according to the country’s main business lobby.
Stocks Rally as Trump Signals US-Iran Deal Is Near: Markets Wrap
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(Bloomberg) — Wall Street powered a rally in stocks as oil sank after President Donald Trump signaled the US is close to a deal with Iran, fueling hopes for an end to the war that has roiled global markets.
Tech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets Wrap
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(Bloomberg) — Wall Street was rattled by a renewed selloff in some of the world’s largest technology companies, with stocks also falling as a flare-up in geopolitical tensions lifted oil prices.
Stableton to Double Investments This Year as It Pushes Into US
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(Bloomberg) — Stableton Financial, a backer of private technology companies, plans to double its investments this year as it expands into the US.
Stocks Pare Tech-Led Drop as Rotation Gains Speed: Markets Wrap
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(Bloomberg) — A rotation that has seen investors bail from richly priced technology names in favor of more economically sensitive industries resumed, with stocks trimming losses in the final stretch of trading.
Remembering the 1994 US World Cup, When Tickets Cost $25
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(Bloomberg) — Top tickets to the 1994 World Cup finals in the US sold for $475. This year, finals tickets at MetLife Stadium in New Jersey are selling for more than $10,000.
Partners Group Weighs €200 Million Cash Injection for Emeria
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(Bloomberg) — Partners Group Holding AG is weighing an injection of fresh funds into Emeria SASU, a major portfolio company currently struggling with a heavy debt load.
UBS Reduces Asia ESG Staff by Half in Global Restructuring
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(Bloomberg) — UBS Group AG has slashed its sustainability office in Asia, cutting its headcount by half in recent months as part of a broader global restructuring, according to people familiar with the matter.
‘Skillful Populism’ Has Swiss Set for Tight Population Cap Vote
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(Bloomberg) — Switzerland is set for a nail-biter vote on a proposal to cap the population at 10 million, after a two-pronged push by campaigners that paired a polished appeal to sustainability-minded moderates with harsher anti-immigrant messaging.
Chip Stocks Rally in AI Trade Revival After Plunge: Markets Wrap
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(Bloomberg) — Wall Street staged a comeback as dip buyers emerged, lifting stocks amid renewed enthusiasm over artificial intelligence and bets that a solid economy will keep powering Corporate America.
Nestle’s Longtime PE Partner Drops Out of Bidding for Perrier
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(Bloomberg) — Nestle SA’s long-time private equity partner, PAI Partners, has dropped out of the bidding for the consumer giant’s water business, people with knowledge of the matter said.
Swiss Lawmakers Tackle Foie Gras Appetite After Activist Push
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(Bloomberg) — Swiss lawmakers want to reduce foie gras imports and keep the option of prohibiting them on the table if tougher labeling rules don’t curb demand for the controversial delicacy within five years.
Roche to Pay Nurix as Much as $2.3 Billion in Cancer Deal
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(Bloomberg) — Roche Holding AG agreed to pay Nurix Therapeutics Inc. as much as $2.3 billion for rights to an experimental blood-cancer drug, betting it can help patients whose disease stops responding to existing treatments.
Partners Co-Founder Gantner Blames Short-Seller for Share Slump
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(Bloomberg) — Partners Group Holding AG co-founder Alfred Gantner said the firm’s recent share-price decline was a “massive overreaction” and blamed unfounded attacks by short-seller Grizzly Research.
Swiss Army’s Push to Keep Soldiers Is Going to the Ballot Box
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(Bloomberg) — Switzerland’s struggle to keep its military staffed at a time of global geopolitical tensions is about to play out with a national vote on the terms of conscription.
Nasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets Wrap
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(Bloomberg) — Wall Street’s historic weekly run came to a halt, with stocks hit by a tech selloff and higher bond yields after a solid jobs report added to bets the Federal Reserve’s next interest-rate move will be a hike.
Switzerland Speeds Anti-Drone Procurement as Incursions Rise
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(Bloomberg) — Switzerland’s army chief said the country is fast-tracking the purchase of anti-drone systems as incursions mount over civilian and military infrastructure.
